Net income was $75,700; accounts receivable decreased by $18,500; inventory increased by $7,900; proceeds from the issuance of long-term debt were $24,550; accounts payable decreased by $6,300; equipment purchases were $80,500; depreciation and amortization expense was $32,200. (Amounts to be deducted should be indicated with a minus sign.)Required:Calculate the net cash provided (used) by operating activities for the period. list cash flows from operating activities
Net income was $75,700; accounts receivable decreased by $18,500; inventory increased by $7,900; proceeds from the issuance of long-term debt were $24,550; accounts payable decreased by $6,300; equipment purchases were $80,500; depreciation and amortization expense was $32,200. (Amounts to be deducted should be indicated with a minus sign.)Required:Calculate the net cash provided (used) by operating activities for the period. list cash flows from operating activities
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Net income was $75,700;
Required:
Calculate the net cash provided (used) by operating activities for the period.
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